FDI Perspective No. 19: “U.S. BITs and financial stability,” by Kevin P. Gallagher.

The author, a member of the State Department subcommittee tasked with reviewing the U.S. Model bilateral investment treaty, addresses the potential impact of BIT provisions on the ability of governments to prevent and mitigate financial crises and makes specific recommendations for the revised Model BIT.

A translation in Mandarin is also available via the “Download Resources” button.